Paypal and Venmo integrate ENS. A quick overview of the payment process via ENS domain name

Author: ENS Labs; Translation: Jinse Finance xiaozou

Ethereum Name Service (ENS) is proud to announce an important milestone in the cryptocurrency space: users can now send and receive cryptocurrencies using ENS domain names on Venmo, PayPal Mobile, and PayPal Web.

1, Simplify crypto transactions with ENS

At the core of this feature is a shared vision: to simplify crypto transactions for everyone. With ENS now integrated into PayPal and Venmo, users can use ENS domain names when transferring cryptocurrencies, making it easier to manage wallet addresses and reduce the risk of errors.

Here’s how it works: When initiating a crypto transfer, users simply enter their ENS domain name in the search box. PayPal and Venmo’s systems will automatically resolve the ENS domain name to a wallet address corresponding to the blockchain being used. This streamlined process ensures that users can confidently select the correct address to proceed with the transaction. Throughout the transfer process, the ENS domain name and the associated address are visible, making everything clear and guaranteed.

2Introducing the Address Book feature

In addition to the ENS integration, PayPal and Venmo users can now access the new Address Book feature, which is designed to enhance the cryptocurrency transfer experience. Traditionally, transferring cryptocurrency requires manually entering or pasting a wallet address, or scanning a QR code. With the Address Book feature, users can save and call recently used addresses and store wallet addresses that they interact with frequently, all in one place.

The feature also integrates ENS, allowing users to save ENS domain names while saving traditional wallet addresses. Whether you're sending cryptocurrency to a friend or paying a business with cryptocurrency, the address book will remember your previous transactions, allowing for faster and more efficient transfers. Just as you rely on PayPal or Venmo contacts for internal transfers, you can now enjoy the same convenience when transferring cryptocurrency outward.

3A new era of user-friendly crypto

ENS's integration with PayPal and Venmo is an important step in making cryptocurrency more accessible to the masses. By alleviating the reliance on complex wallet addresses, ENS enables users to focus on what's really important - seamless and secure transactions.

As we continue to build a decentralized network, such collaborations are critical to driving mainstream adoption. Whether you're an experienced crypto enthusiast or a crypto novice, the new features of the ENS, PayPal, and Venmo integration will make your crypto experience as smooth and frictionless as possible.

We will roll out this exciting feature on the PayPal and Venmo platforms, so stay tuned for more updates. The future of crypto is here, and the crypto world is more connected than ever before.